b'\x03\x03 \x03\x03Independent Auditors ReportTo the Members of Equestrian Australia Limited Opini on WeInfor e auiondit edOt hethertfhainannci thealFrepinaornct oaf l ERqepueorsttr ianand A ( Tthehe reonCompany) whichhavmat iAustudralitoria sLi Rmepitedort comprisesthestatementoffinancialpositionasat30June2019,thestatementofcompr dien re, theonsi stblatee mforen tofcha e com flprise t he Theehrecsitvorse i ncoaremesp the othenrg insf oinrm eatioquitn.yanThed t heothe stra tienmfoenrmtatio of cashnows fsor thei nfyeaormr athetionnenincldeudd,ed an indtnohet eCsompany to the fsina anncinualalsrtepateortm enfort sthe, incl yeaudri ngen dea dsumm 30 Junaryeo2f0 si19g,ni bfiucant dot es acconount incltingud poe ltihecies, fina anndci althe rep diortrec tanorsdoudercl auaradittioonrs. report thereon.finamnpacialny ringep orfitna donciesal not cov ther informst iionn accoIn Oouurropopiininionon,onthe the acco report erofthethe o Company iaand raccodancerdi nwgitlhywtheedo not exipressons A anct 20y for01m, i nclof assuudingran:Corporat ce conclusion thereon.Inconne t tue anr dau faidirtvoiewft he t ina nCciompany responsisitibionlit ya si sat Jun 2019 r a)gictvingionawir hou of fhe alreporst , fiounanciral po t o3 0read etheothe informataniondoanf idts,ifnina doing so,r forconmsiandecerfworhe thethe yr eather t heothen enr inford;m anatiod n is materially inconsistent ncialpe dewiththe financial report or our knowledge obtained in the audit or otherwise appears to be matebr)i alcomplly misstyingated.w AustralianAccountingStandardsReducedDisclosure ith Requirements and the Corporations Regulations 2001. f, based on the work we have performed, we conclude that there is a material misstatement of IBasthiissfotheor Orpin infioronmation, we are required to report that fact. We have nothing to report in this regard.Weconducted our audit in accordance with Australian Auditing Standards. Our responsibilities undeResr tpohosens istbilanitdaiesr dsofatherefDurirectorsther desc forirbe thed i nF itnahen Acialudi tRoreps ortResp onsibilities for the Audit of the Financial Report section of our report. We are independent of the Company in accordance with theThe ors epofen the pa retsponsibl of thefan the that au diditrorectind de nCceomreqnyui rareemensoftheeforC orpothe rprepaationsr atioActn 2001 inadncialrepetorhicalt ts oftahend Aairouiew gi nP raccoofessirdaonnceal andi thE thiAustrcal Saltianandads Bnoatinrdg sS AtanPEdaS r11ds0CRede uceof reqguiivresemenat rue fcc vntin w Arccou od d EthiDcsiscl fosu and the Codatioens) t ha are0 0r1el evanand tf otrosuouchr audit naof lt hecon ftinarolnci asal t he or Prreo fRessiequionremenal Accoutsntants(CtheorporActt 2interrepdiorrectort in Asustral isha e also ful prepara ofon fliina i alacco tha adeteria.m iWnee nvecessary tfoil leden aboulerothether ethicalt ionresp thsiebitiesncin reportrdancetgwiviteshthet rCueod ane.d fair view and is free from material misstatement, whether due to fraud or error.WeIn confirmr inthag tt hethe f ina repnce aruier edresp by tsi arsses the ab theprepa indnciepaenlde ort,dethecl aratdirectoionr sreqon hebl eC orforpoationsis ngAct 2001i,l itwy hioch f been given tothe s oiongfcon omrn,panyscl,osi plsame terhasC ompany tocon t inu ed iraectors a g t he Cce di woungld,beasiapn theicable, matmtesrsifr elgiavtenedttootgheoi ng directorconcerns as an atd t heusi tnimg et heoftgohising au dicontorces rrnep baorsit.s of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. Webelieve that the audit evidence we have obtained is sufficient and appropriate to provide a basiAsu ditforor ousropReinisponon.sibilities for the Audit of the Financial ReportOurobjectivesaretoobtainreasonableassuranceaboutwhether the financial reportasa wholeisfreefrommaterialmisstatement,whetherduetofraudorerror,andtoissueanauditors report that includes our opinion. Reasonable assurance is a high level of assurance,butisnotaguaranteethatanauditconductedinaccordancewithAustralianAuditingStandards will always detect a material misstatement when it exists. Misstatements can ariserom fraud f or error and are considered material if, individually or in the aggregate, they couldeasonably be expected to influence the economic decisions of users taken on the basis of this r inancial report.f35\x0336\x03 76'